$499,800 for Sale
1505 russell avenue , eustis, FL 32726
Property Description
****Potential to build up to 38 units***3.18 Acres offering Urban Residential (UR) Zoning. Prime Location – Near Downtown Core. The UR (Urban Residential) zoning designation is designed to support higher-density housing options close to the heart of the city, making it ideal for modern residential development. Permitted Uses include: Multi-Family Communities, Single-Family Detached Homes, Single-Family Attached (Duplex, Rowhouse, Townhome), Group Homes (up to 6 residents), Child Daycare Centers & Nursery Schools Development Standards: Maximum Density: 12 units per acre Maximum Height: • 35’ – Single-Family • 45’ – Multi-Family Incentives & Density Bonuses: Developers can unlock 5–15% additional density by incorporating: Affordable Housing • At least 20% of units affordable to households earning <80% of the Orlando MSA median income • Or at least 50% of units affordable to households earning <120% of the Orlando MSA median income Green Building & Energy Efficiency • Additional bonuses available for sustainable design and certification Manufactured Housing Provisions: Residential units manufactured off-site are permitted if they: Meet all federal & state construction standards Are permanently attached to foundations Comply with all lot, yard, and land development regulations
General Information
Sale Price: $499,800
Price/SqFt:
Status: Active
MLS#: O6343741
City: eustis
Post Office: eustis
County: Lake
Subdivision: eustis taylors sub
Acres: 3.18
Lot Dimensions: 450 x 309
Size:
Acreage: 3.18 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Winter Taxes: $2,008
Legal Description: EUSTIS TAYLOR'S SUB W 100 FT OF BLK F PB 2 PG 31 ORB 1288 PG 1142

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Matt White of SLOANE REALTY, LLC, Phone: 407-829-2418